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Tron TRX Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum . With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. TRX/USDT short Entry Range: $0.059 - 0.061 Price Target 1: $0.056 Price Target 2: $0.051 Price Target 3: $0.046 Stop Loss: $0.068
Short
by BuySellMarketMaker
XRP Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum. With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. XRP/USDT short Entry Range: $0.48 - 0.50 Take Profit 1: $0.43 Take Profit 2: $0.36 Take Profit 3: $0.31 Stop Loss: $0.56 my last bullish chart with price targets reached
Short
by BuySellMarketMaker
3
Dow Jones Technical Analysis ahead of FOMCThe US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its welcome. The Dow Jones plunged by 1,300 points or 4.2% last week. The S&P500 dropped by 5.2%, while the NASDAQ declined by 6.0%. The interest rate decision from the Fed due this Wednesday (UTC -4) will be a significant event for US markets this week. The market is currently pricing in an 85% chance of a 75bps rate hike and a 15% chance of a 100bps hike. Looking at the current price action for the Dow Jones in combination with the Schaff Trend Cycle indicator, indicates that the downside's strength still present and may continue to stick around. The Schaff Trend Cycle is currently sitting far below the 25 level at 7.6. However, this indicator’s current condition may also be a sign that the Dow Jones may be oversold. In such a case, we might expect the index to perform a reversal and retest the 31,200 level, before continuing the downtrend. Traders looking for a counter-trend trade might want to watch and wait for the Schaff Trend Cycle to close above the 25 levels. With the upcoming FOMC meeting and the expectation of a 75bps or greater rate hike, we may expect a reaction to the downside during the day and a hitting of the 30,000-support area. Breaking below the 30,000-demand zone will open up the 29,500 to 29,000 targets.
BLACKBULL:US30
by BlackBull_Markets
BTCUSDT NEXT DIRECTION, CRASH OR PUMP?1D BTCUSDT, Bigger picture: Bitcoin has formed a descending triangle, inside of it we could also notice that we have got an inverse head and shoulders pattern. On the small timeframe we could notice that on the last 8 days we have formed an Eliott wave corrective pattern, expecting our (A) corrective phase to end here at the demand zone of (Point of control) for this whole period since we tested the bottom. Which will take the price back up to the (B) Phase where we should be testing the CC Level (0.618 Fib) of the drop, testing that level cannot be promised tho, the pullback could be weak. But what I know is that our (C) Phase is going to end up around 19500. Let the market generate more information for us before we take any actions, stay safe brothers! We will keep you updated.
Long
by AltSh
RLinda ! GOLD-> Rollback to retest the liquidity zone CPI rose 0.1% in August and 8.3% from a year earlier. Gold futures were down 1.5%, hitting their lowest level in a week. Gold tends to react negatively to interest rate hikes, and this trend looks like it will continue when the Fed meets again in a week. On the global chart, we see an attempted test of the 1677 liquidity zone, the price fails to reach the important zone by a few dozen pips and forms a pullback. As a result of the news, the price might reach the support - regest to the important zone, but we can assume that the price might reach the 1677 zone soon. I assume that in the long term gold can test the liquidity zone 1677 and make a false break, after capturing the liquidity to form a strong upward impulse. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
29
Where is Gold going this week?I worry about the Daily's ability to continue bullish. Here's why. Starting at the purple vertical line, Gold created a Rising Two Methods (Usually called a Rising Three Methods, but since it is the same formation, minus one candle, I called it this.) This is a Bullish signal often times. Looking at these two candles, a Dark Cloud Cover was created. These can be signs of reversal. Now, looking at the last candle. The wick pushes to new highs of the whole week. But, price closed lower than the previous days open. Will price move down? Or will price push above previous weeks' wicks and climb up?
FX:XAUUSD
by Shanktown